Why Las Vegas Sands Corp. (LVS) Soared on Thursday

We recently compiled a list of the 10 Firms Lead Thursday’s Rally on Better Earnings, Bargain-Hunting. In this article, we are going to take a look at where Las Vegas Sands Corp. (NYSE:LVS) stands against the other stocks.

Optimistic sentiment continued to drive Wall Street on Thursday, with all major indices closing higher.

The Dow Jones Industrial Average rose by 0.38 percent, the S&P 500 grew 0.53 percent, and the Nasdaq Composite was up by 0.25 percent.

Ten companies posted notable gains, largely fueled by strong earnings results for the fourth quarter and full-year 2024.

To come up with Thursday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

The dazzling Las Vegas Strip lined with luxury Integrated Resorts, seen from a high elevation.

Las Vegas Sands Corp. (NYSE:LVS)

Casino and resort operator Las Vegas Sands saw its share prices increase by 11.08 percent on Thursday to finish at $48.24 each after posting impressive revenue growth in full-year 2024 coupled with an optimistic outlook for all businesses this year.

During Las Vegas Sands’ fourth quarter earnings call, Chief Executive Officer Robert Goldstein said that the company achieved revenues of $11.3 billion last year, of which $7.1 billion came from its Macau operations.

With the strong growth, the company is expecting even better operations this year, with gaming revenues targeted to jump to $30 billion.

“We believe the Chinese economy will grow, and the Macau market will grow as well,” Goldstein said.

Las Vegas Sands spent a total of $547 million in the fourth quarter of the year, of which $345 million was allocated for its Macau operations.

Overall LVS ranks 7th on our list of Thursday’s top gainers. While we acknowledge the potential of LVS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LVS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.